ENFORCEMENT

    Enforcement

    ASEAN Financial Sector Lacks Personal Accountability – Refinitiv Poll

    By Editors | 09/05/2019

    61% of the survey respondents said there is too little personal accountability in ASEAN’s financial sector, compared to just 16% who believe there is too much.

    Enforcement

    Officials Installed at Chinese Securities Firm to Monitor Risks

    By Editors | 08/05/2019

    The CSRC has installed officials at a troubled securities firm, N-Securities, over concerns about excessive debt and inadequate risk management.

    Enforcement

    Temporary Relief to NSE Directors, Brokerages in Algo Case

    By Editors | 07/05/2019

    Three brokerages facing market bans had asked for a temporary stay to close out open futures and options positions.

    Enforcement

    Malaysia Extradites Former Goldman Banker to US

    By Editors | 07/05/2019

    Extradited from Malaysia, the former Goldman Sachs banker Roger Ng has pleaded not guilty to 1MDB-related charges in the US, and has been released under house arrest.

    AML / KYC

    US Judge Subpoenas Chinese Banks in Sanctions Probe – Report

    By Editors | 07/05/2019

    A US federal judge has ordered three Chinese banks to provide documents in relation to a Hong Kong company which allegedly helped North Korea evade international sanctions.

    Enforcement

    RBI Fines Multiple Payment Service Providers

    By Editors | 06/05/2019

    The RBI has fined prepaid payment instrument issuers, two US money transfer firms and Yes Bank for non-compliance with regulatory guidelines.

    Enforcement

    Westpacs Provision Extra A$510mn for Customer Remediation

    By Editors | 02/05/2019

    Misconduct linked to the issues identified by the royal commission could cost Australia’s four largest banks up to A$10bn.

    Enforcement

    China Arrests 41 People Linked to Tuandai.com in P2P Crackdown

    By Editors | 02/05/2019

    Following the collapse of P2P platform Tuandai.com in March, Chinese authorities have arrested 41 people connected to the platform, including its owners.

    Market Infrastructure

    UPDATED – NSE Ordered to Pay Disgorgement in Co-Location Case

    By Editors | 01/05/2019

    NSE will also be prohibited from issuing an IPO and launching new derivatives products for six months. Two former managing directors also found to be guilty.

    Enforcement

    New Zealand Proposes Ways to Improve Banking Conduct, Culture

    By Editors | 30/04/2019

    The proposed measures will put the consumer at the heart of decision-making and make good outcomes the bottom line, says Commerce and Consumer Affairs Minister Kris Faafoi.

    JOIN OUR NEWSLETTER

    A daily selection of top stories from the Regulation Asia editorial team